About This Property
Madison Apts comprises 30 units of affordable housing in Madras, Oregon, serving families and disabled individuals through low-income housing tax credit financing. The property has been in service since 1995 and operates under 9% LIHTC credit. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Jefferson County, OR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $741 |
| 1 Bedroom | $843 |
| 2 Bedroom | $1,093 |
| 3 Bedroom | $1,540 |
| 4 Bedroom | $1,757 |
Income Limits - Jefferson County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,550
- Low (80%)
- $36,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,000
- Low (80%)
- $46,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,200
- Low (80%)
- $51,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,800
- Low (80%)
- $55,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,400
- Low (80%)
- $59,750
- Extremely Low (30%)
- $39,950
- Very Low (50%)
- $39,950
- Low (80%)
- $63,900
- Extremely Low (30%)
- $42,550
- Very Low (50%)
- $42,550
- Low (80%)
- $68,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,550 | $36,050 |
| 2 Persons | $17,420 | $25,800 | $41,200 |
| 3 Persons | $21,960 | $29,000 | $46,350 |
| 4 Persons | $26,500 | $32,200 | $51,500 |
| 5 Persons | $31,040 | $34,800 | $55,650 |
| 6 Persons | $35,580 | $37,400 | $59,750 |
| 7 Persons | $39,950 | $39,950 | $63,900 |
| 8 Persons | $42,550 | $42,550 | $68,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madras, OR?+
The Fair Market Rent (FMR) for Jefferson County, OR is: $741 (Studio), $843 (1BR), $1093 (2BR), $1540 (3BR), $1757 (4BR). Actual rent at subsidized properties like Madison Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Jefferson County, OR?+
For a 4-person household in Jefferson County, OR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,200, Low Income (80% AMI): $51,500. These limits are set by HUD and updated annually.
How do I apply for housing at Madison Apts?+
Madison Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Madison Apts?+
Madison Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Madison Apts?+
Madison Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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